Stamp Duty Calculator

Stamp duty is charged when property transfers from one owner to another. This HMRC tax changes depending on value of the property and whether you are a first time buyer or not. The stamp duty also varies if you are buying the property for residential or letting purposes. In some circumstances, you may be exempt from paying it. Please note that the below calculator is for illustrative purposes only and do not constitute advice.

From 31 October 2024, the stamp duty surcharge on buy-to-let properties increased from 3% to 5%. This adjustment was announced in Labour’s Autumn Budget by Chancellor Rachel Reeves.

For Stamp Duty Land Tax (SDLT) purposes, you are considered not a UK resident if you have spent fewer than 183 days (6 months) in the UK during the 12 months prior to your purchase.

Non-UK residents typically pay an additional 2% surcharge when purchasing a residential property in England or Northern Ireland.

Here’s a detailed breakdown:

Property or lease premium or transfer value	Buy to Let SDLT rate
Up to £250,000	0%
The next £675,000 (the portion from £250,001 to £925,000)	5%
The next £575,000 (the portion from £925,001 to £1.5 million)	10%
The remaining amount (the portion above £1.5 million)	12%

First-time buyers / single property ownership:
If the buy-to-let property you are purchasing will be your only property, you will pay Stamp Duty Land Tax (SDLT) at the standard rates.

Additional properties:
If you already own a property (for example, your main residence or another buy-to-let), you will need to pay an extra 5% surcharge on top of the standard SDLT rates when buying an additional property.

---

Your home may be repossessed if you do not keep up repayments on your mortgage.

You can find out more about the tax on the government website.You are now departing from the regulatory site of Best Buy to Let. Best Buy to Let is not responsible for the accuracy of the information contained within the linked site.